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Sensex jumps 380 points and Nifty nears 24400 on Iran US deescalation hopes
Economy
Published on 7 May 2026
Traders rally on a faster end to tensions
Indian markets surged for a second straight session as Sensex gained 380 points and Nifty inched toward 24,400. The rally was driven by growing optimism that the Iran US conflict could de escalate sooner than feared, pulling midcap and smallcap stocks higher too. PSU Banks led sectoral gains amid improving risk appetite.
- Sensex rose 380 points and Nifty neared 24,400
- De escalation hopes around Iran US tensions boosted sentiment
- Midcap and smallcap indices joined the broad rally
- PSU Bank stocks led sectoral outperformance
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times